Comment by cdrnsf
11 days ago
> The A.I. company’s advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX’s stock has been volatile and as the start-up grapples with financial challenges.
SpaceX's stock volatile? It's a shame nobody saw that coming.
Yes, it's actually the first volatile high-profile IPO so you can see why some people need to be reminded of the possibility.
I didn't partake but from elon's shenanigans with bitcoin and doge (the coin, not the govt thing) it seemed clear he'd do similar with the stock
is tesla stock not volatile too? elon stock's are more like today's crypto than a 20th's century company stock w dividends
People have trouble pricing it because they do actual new engineering and don't spend time and money making the stock price wherever they want it. All the other F500s are owned by the same few companies and all the board members are the same.
Wall Street has never understood engineering. Eventually Tesla will pull a Boeing, GE, Ford, etc- lose the founder of founder's influence, get taken over by suits, and slowly die but hang on by playing the financial games.
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Launched in the same way they launch Starship, full of ambition, promising a bit too much, but might explode at any moment. Either way it will be a spectacular show regardless of what happen.
It's actually remained about 14% or more above the IPO price which is roughly what you'd want but gone up and down a bit.
It's funny with stock prices - they all go up and down a bit in kind of random ways but people project all sorts of stories onto them that often don't relate much to reality.
It peaked at around +60% from IPO price and swung daily around 10-15%. It’s possible it’s starting to stabilize but that first week was basically the definition of volatile.
Just googling the ticker shows it at 149, which is below its opening.
> Just googling the ticker shows it at 149, which is below its opening.
I thought it opened at 135.
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> shame nobody saw that coming
Seeing something coming is very different from having it not only confirmed but also quantified.
Is it still being prematurely included in the major index funds?
Only the Nasdaq, which is an intentionally aggressive index. The S&P rejected all proposals.
yes, in few weeks.unfortunately the stock will be back from this slump
Ummm probably not. Lock ups are going to dump far more stock into the market.
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